@Dufrane "I don't see $1 imminent any time soon".I disagree....

@Dufrane "I don't see $1 imminent any time soon".

I disagree. Based on my detailed valuation estimates, I believe Nomgon is worth at least $A 1.70 per share on takeover following declaration of commerciality and so in the next 6 months gas breakthrough and decent gas flow rates at Nomgon might be worth 70c+. I am convinced there is sufficient gas to build a pipeline to China and believe in the not too distant future a major Chinese company will purchase the gas.

Exceptional flow rates on Grandis in the next few weeks could lead to a take over, which I believe, should exceed $A 1.60 given the high demand for natural gas in eastern Australia at the moment. I'm hoping for 80c+ following confirmation of at least 2.5 mmscf/d.

Don't lose hope, it's not impossible!